vuria – APL Logistics

APL Logistics: Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2019 J-GAAP (Consolidated)*

vuria — Fri, 15 Feb 2019 16:47:00 +0000

Singapore, 15 Feb 2019

(APL Logistics) For the logistics services for automotive, the handling volume saw steady growth due to business expansion with major customers and rail transportation in India. Retail-related logistics service also continued steady growth mainly in major customers, and consumer and industrial fields also showed solid growth.

As a result, net sales of APLL increased 1.8% to 146,670 million yen and the company secured operating income of 5,864 million yen (rose 131.3%) through its effort to improve operating gross profit margin. Operating income was 1,346 million yen (operating loss of 2,096 million yen a year earlier) as amortization of goodwill related to APLL acquisition by KWE is still included in this segment.

The exchange rate was U.S. $1 = \109.61 and U.S. $1 = \111.92 for the nine months ended December 31, 2018 and 2017, respectively (APLL used the average rate for the period from January 1 to September 30 because APLL’s fiscal year-end is December 31). As described above, net sales for the nine months ended December 31, 2018 increased 9.7% to 447,454 million yen, operating income rose 35.4% to 15,490 million yen, ordinary income increased 31.8% to 15,781 million yen, and net income attributable to owners of the parent rose 81.1% to 7,445 million yen.

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APL Logistics Receives Green Freight Asia (GFA) Certifications in China

vuria — Tue, 08 Jan 2019 16:46:30 +0000

SINGAPORE, January 08, 2019 – APL Logistics Ltd is pleased to receive the Green Freight Asia (“GFA”) certifications for APL Logistics Supply Chain Services (Beijing) Co., Ltd., APL Logistics Bonded Supply Chain Services (Shanghai) Co., Ltd. and APL Logistics Supply Chain Services (Shenzhen) Co., Ltd. These entities in APL Logistics China have now attained the GFA membership certificate. “APL Logistics is committed to constantly improve and provide sustainable supply chain solutions for its customers. As the need for sustainability grows, receiving the GFA official recognition attest to the good practices within the company and assure customers of our commitment towards improving the carbon efficiency of our road transport operations. We have already implemented fuel efficient and exhaust reduction technologies for our trucks in some of our key operation sites in China and will continue to bring sustainability in our freight operations to the next level,” said Paul Man, APL Logistics Regional Vice President for North Asia. Green Freight Asia is a network of Asian road freight companies working together to improve fuel efficiency, reduce CO2e emissions, and lower logistics costs across the entire supply chain. The network has 75 members, made up of large, medium, and small logistics companies (carriers) and customers of logistics companies (shippers). In 2018, Green Freight Asia’s Green Freight Program also became the first GLEC Framework accredited Green Freight Program. The Global Logistics Emissions Council’s (GLEC) framework, is the leading methodology for freight transport that allows companies to consistently calculate their GHG footprint across the global multi-modal supply chain and inform their business decisions and efforts to reduce emissions.

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APL Logistics Strengthens Its Business with Operations in Ethiopia

vuria — Thu, 20 Dec 2018 16:46:03 +0000

SINGAPORE, December 20, 2018 – APL Logistics Ltd. has officially appointed Champion Shipping PLC as their new local strategic partner to support their domestic logistics, international freight forwarding, and associated services in Ethiopia. APL Logistics will spearhead efforts to manage the milk run logistics to serve the growing need for export services by the Ethiopian customers. APL Logistics is the go-to global supply chain specialist for companies in the Automotive, Consumer, Industrial, and Retail sectors. The operations in Ethiopia is backed by APL Logistics’ deep logistics expertise and global execution experience. Customers can look forward to a comprehensive offering of high-tech and flexible logistics services that solve complex everyday issues across inbound and production logistics, multi-modal transportation, consolidation, order management, customs brokerage, and packaging. Jens Sode, APL Logistics Regional Vice President for Europe, Middle East and Africa (EMEA), said “We are excited about the compelling growth prospects in Ethiopia, with rising consumption and rapid diversification of economic activities. With close proximity to Middle East, Europe, U.S. and Asia, Ethiopia is a strategic location for exporters. We chose to expand our presence to Ethiopia for its well-established infrastructure in terms of road and rail connectivity, especially with the Ethiopia/Djibouti corridor as the key conduit for trade. We believe that this expansion will also create an economic environment for Ethiopia’s expanding workforce, through job creation opportunities amidst a demographic dividend.”

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APL Logistics VASCOR Automotive Ltd. wins Best 3PL Company of the Year

vuria — Thu, 20 Sep 2018 16:45:42 +0000

APLL VASCOR Awarded Best 3PL Company of the Year (Automotive) for commitment towards innovation and excellence

GURUGRAM, INDIA, September 20, 2018 – APL Logistics VASCOR Automotive Ltd. (“APLL VASCOR Automotive”) was awarded Best 3PL Company of the Year (Automotive) at Inflection Awards 2018, an event which seeks to honour leaders and organizations for their breakthroughs and achievements in innovation and excellence in fields such as Technology, Supply Chain, and Logistics. Considered one of India’s most prestigious awards, past and current category winners include luminary companies such as Hyundai, Volkswagen, and SAP. “This has been a fruitful year where we scaled up operations for AutoLinx℠ and further solidified our standing as an automotive logistics leader in India,” said Umesh Bhanot, Managing Director of APLL VASCOR Automotive, who accepted the award at Inflection 2018. “We offer a unique and innovative rail-based solution that ensures reliable, damage-free and cost-efficient distribution of finished vehicles across the country, and now operate 15 trains across the country. This award is testimony to the tireless efforts of our employees who work around the clock and exceed customer expectations. Our team is fully focused on providing a seamless and flawless experience for our clients, and I would like to dedicate this award to their commitment and hard work.” As a joint venture of APL Logistics and VASCOR, APLL VASCOR Automotive provides end-to-end automotive supply chain solutions including first / last mile transportation, yard management, quality assurance, engineering systems support, and customized solutions design. APLL VASCOR Automotive also has strong Japanese roots through VASCOR (a joint venture with FUJITRANS) as well as APL Logistics (a Kintetsu World Express Group company). These unique affiliations, coupled with a long-standing experience combining US systems with an understanding of local Indian realities, positions APLL VASCOR Automotive as the supply chain partner of choice for automotive OEMs and value chain players seeking to expand and grow in India.

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APLL India awarded IKEA SA’s Best CP Service Provider 2017/2018

vuria — Thu, 30 Aug 2018 16:45:25 +0000

NEW DELHI, August 30, 2018 – APL Logistics (“APLL”) India has been awarded “Best Overall Logistics Service Provider (LSP) / Consolidation Point Operator” by IKEA South Asia Transport / Logistics Services (“IKEA SA”). As a LSP partner, APLL manages Buyer’s Consolidation and origin transportation services for IKEA’s sourcing operations in India, Bangladesh and Pakistan. The award served as a recognition of APLL’s fulfilment of the IWAY, IKEA’s code of conduct for sustainability and operational excellence. Presented with the award at IKEA South Asia’s Carrier Day in Delhi, APLL reaffirmed its commitment to sustainability and operational excellence. At the same time, APLL also shared with the audience innovation and initiatives in enabling a cleaner, safer, and more efficient supply chain for IKEA. These initiatives include harnessing solar power to reduce carbon emissions, installing acoustic enclosures to manage excessive noise levels, as well as introducing continuous improvement methodologies in managing workplace environments. “We are honored to receive this award, which reinforces APLL and IKEA’s successful partnership of over 20 years,” said Mr. G. Vipin Shankar, APLL South Asia Director of Operations, who accepted the award on behalf of the organization. “We are fully committed to help our customers succeed in their markets, and to do so in a sustainable way, achieving IKEA’s IWAY standards manner for all stakeholders and partners. The APLL team is dedicated to, one of the most stringent in the industry today, and we are happy to have consistently surpassed operational and fulfillment targets across India and Bangladesh while being fully compliant in all IWAY audits. This award is testament to the tireless efforts of our team, who is laser-focused on helping our customers grow and win in their markets. We are truly proud to be a trusted strategic partner of IKEA, in enabling its vision of creating a better everyday life.”

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Appointment of Jinny Daugherty as President and CEO of VASCOR

vuria — Wed, 20 Jun 2018 16:44:57 +0000

June 20, 2018, Scottsdale, AZ USA – APL Logistics is very pleased to announce that the VASCOR Board has appointed Ms. Jinny Daugherty as President and CEO of VASCOR, effective from June 1, 2018. Ms. Daugherty joined VASCOR in 2000 during which time she has held a series of senior key financial roles, with the most immediate as Chief Financial Officer since 2014. In her new role, Ms. Daugherty will be responsible for the strategic direction, growth and operating performance of VASCOR from Georgetown, KY. “Ms. Daugherty’s experience, deep understanding of the Company’s capabilities and proven leadership are a trifecta to deliver integrated and value-driven solutions to some of the most demanding clients in the automotive industry.” said William Villalon, President at APL Logistics and a member of the VASCOR board. VASCOR is a joint venture of Singapore-based supply chain management leader APL Logistics and FUJITRANS Corporation of Japan. Formed in 1987, VASCOR offers third-party logistics services to key automotive companies in the U.S. and Mexico. Based in Georgetown, Ky, it serves major automotive manufacturers or sales entities as well as all Class One Railroads.

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APL Logistics appoints Jens Romer Sode as Regional Vice President, EMEA

vuria — Mon, 05 Mar 2018 16:44:19 +0000

March 05, 2018, Singapore – APL Logistics is pleased to announce the appointment of Mr. Jens Romer Sode as Regional Vice President, Europe, Middle East and Africa effective 5th March 2018. Mr. Sode will be responsible for leading the EMEA Region to deliver superior customer value by realizing and unlocking the full potential of customers’ supply chain activities. Working with both the Regional and Vertical teams, he will lead the development and delivery of a strong operational foundation with a focus on tuning supply chain activities as an engine for growth and demonstrating how APL Logistics can enable activity to help customers truly differentiate in their markets. Immediately before joining APL Logistics, Mr. Sode held the position of CEO at Damco Benelux for two years. He brings a broad range of experience from his various jobs in the Global Logistics Industry and has held key jobs within Key Account Management, Business Development, IT and General Operation Management, primarily within the A.P. Møller-Maersk Group. Mr. Sode will be based at the APL Logistics office in Hamburg. Mr. Bill Villalon, President of APL Logistics said “We are pleased to welcome Mr. Sode to APL Logistics. I am confident that he will play a key role as part of the APL Logistics Leadership team in continuing to deliver integrated and value driven supply chain solutions to customers.”

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APL Logistics Results January 2017 – September 2017

vuria — Wed, 14 Feb 2018 16:43:53 +0000

February 14, 2018, SCOTTSDALE, ARIZONA – Versus prior year, APLL’s revenue grew by 11% (to 144,024 million yen). Positive results were driven mainly by growth in core customer verticals (Automotive / Retail / Consumer / Industrials) and key regions (North America / North Asia / South Asia). Specifically, the Automotive vertical exhibited strong year-on-year growth due to robust increases in its intermodal handling volumes between U.S. and Mexico. Transportation of finished cars in India also enjoyed an uptick in volumes as vehicle production continues to increase to meet domestic consumption. The Retail vertical was also buoyed by signs of economic growth and recovery across regions, while the Consumer and Industrials verticals were stable versus prior year. Coupled with a disciplined approach to cost management, APLL’s core operating income rose by 66% (to 2,535 million yen) versus prior year. This result was achieved in spite of costs incurred by the organization to develop and enhance its business support functions, and fully separate from its former parent company. This result is also a testament to APLL’s continued efforts to invest in its talent, grow its business, and deliver for its shareholders. It should be noted that APLL is wholly-owned by Kintetsu World Express (KWE) and APLL as a standalone business segment had to record a net operating loss of 2,096 million yen (versus an operating loss of 2,966 million yen in prior year). This is due to the amortization of goodwill, related to KWE’s acquisition of APLL in 2015 for $1.2B.

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APL Logistics Appoints Kazuo Inui As Chief Financial Officer

vuria — Tue, 01 Aug 2017 16:42:54 +0000

Singapore, 01 Aug 2017

APL Logistics is pleased to announce the appointment of Mr. Kazuo Inui as Chief Financial Officer, effective from August 1, 2017. His appointment is a planned succession from Mr. Shigeo Mori. Mr. Mori will move on to Kintetsu World Express (KWE) Group, APLL’s parent company.

Mr. Inui will be responsible for leading the global finance, treasury, accounting and global support service functions in APL Logistics. He brings over 34 years of experience in accounting and finance, including knowledge of the air freight forwarding, NVOCC and customs brokerage business. In KWE Group, he held a series of senior finance and accounting roles in Japan and the USA. Immediately prior to APL Logistics, Mr. Inui held the position of General Manager – Accounting and Finance in KWE Japan.

Mr. Bill Villalon, President of APL Logistics said “We are pleased to welcome Mr. Inui to APL Logistics. His predecessor, Mr. Mori, has done a fine job in leading the finance function and we are grateful for his contributions. I am confident that Mr. Inui will play an equally key role as part of the APL Logistics leadership team as we blend our deep operational and digital capabilities to deliver integrated and value-driven supply chain solutions to customers.”

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APL Logistics VASCOR Wins The Economic Times “Rail Freight Company of the Year” Award

vuria — Fri, 05 May 2017 16:42:33 +0000

Mumbai, 05 May 2017

APL Logistics VASCOR Automotive (“APLL VASCOR”), provider of the innovative AutoLinx^℠rail-based finished vehicle solution in India, was recognized at the Global Logistics Excellence Awards 2017 as “Rail Freight Company of the Year”. The awards ceremony was held at The Leela in Mumbai, India and was part of a three day logistics exposition organized in association with The Economic Times, India’s leading financial daily, and had India’s leading media house, CNBC TV 18, as a partner. The award recognized APLL VASCOR’s leading position in achieving significant rail-based growth in the sector through its acquisition of customers, increased revenue share, high satisfaction and retention of customers.

The goal of these awards is to identify shortlist and bring to the forefront individuals, organizations and projects that have created excellence in the logistics domain. This is a platform that shines a spotlight on the heroes of the sector who have risen in spite of challenges whether managing logistics operations within the enterprise or as 3PL players.

Mr. Umesh Bhanot, Managing Director for APLL VASCOR said, “We are honored to receive this award. Before launching AutoLinx^℠, we listened to customers on the need for a reliable, secure and cost-effective rail solution. This led to the development and launch of our custom-designed, fully-covered, double-decker rail solution to distribute finished vehicles across India. Rail transportation and vehicle ownership continue to grow, and we are looking forward to further innovating our services and solutions to meet customer needs.”

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